Legal Opinion
First Federal Savings & Loan Ass'n of Albert Lea v. Guildner
Supreme Court of Minnesota
Decided June 13, 1980No. 49957, 49959PublishedCited by 5 opinions
1Opinion of the Court
KELLY, Justice.
John and Mary Guildner brought suit seeking a court determination that a note and mortgage on commercial property given to First Federal Savings and Loan Association of Albert Lea (First Federal) in return for a loan were void for usury. First Federal counterclaimed, stating that by separate action it was going to foreclose on the mortgage, and thereafter filed such a separate action. The two cases were consolidated, and cross-motions for summary judgment were filed on the issues whether First Federal was exempt from the opera tion of the usury laws because it was a “mutual…
2Cases cited8 opinions
- Deposit Guaranty Bank & Trust Co. v. WilliamsMississippi Supreme Court · 1942
- Phalen Park State Bank v. ReevesSupreme Court of Minnesota · 1977
- United Realty Trust v. Property Development & Research Co.Supreme Court of Minnesota · 1978
- American Savings Life Insurance v. Financial Affairs Management Co.Court of Appeals of Arizona · 1973
- Trauernicht v. KingstonSupreme Court of Minnesota · 1923
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3Cited by5 opinions
- Cazzanigi v. General Elec. Credit Corp.Washington Supreme Court · 1997
- Klein v. Wolf Run Resort, Inc.Supreme Court of Vermont · 1995
- Cazzanigi v. General Electric Credit Corp.Washington Supreme Court · 1997
- Vickie Fogie v. Thorn Americas, Inc.Court of Appeals for the Eighth Circuit · 1999
- Vickie Fogie, Joan Leonard, and Angela Adams, on Behalf of Themselves and All Others Similarly Situated v. Thorn Americas, Inc.,.defendant - Thorn Emi North America Holdings, Inc., a Delaware Corporation, - Vickie Fogie, Joan Leonard, and Angela Adams, on Behalf of Themselves and All Others Similarly Situated v. Thorn Americas, Inc., Formerly Known as Rent-A-Center, Inc., - Thorn Emi North America Holdings, Inc., a Delaware CorporationCourt of Appeals for the Eighth Circuit · 1999